|Even the armchair rocket scientists have figured out legal pot isn't turning out to be the unmitigated money spinner they dreamed about. The reality has turned out to be far removed from the fantasy. The bottom line is that pot is a commodity exactly like any other and ignoring that fact is a prescription for disaster.|
The troubles started early with not enough supply to meet demand. That meant long lines and delayed orders. Consumers were quickly turned off. Then the lack of supply became a glut, and there's no sign of that slowing down.
Sunday, December 29, 2019
Sunday, December 22, 2019
|A U.S. judge rejected motions filed by Calgary-based TC Energy and the Trump administration to dismiss a lawsuit which aims to block the approval of the Keystone XL pipeline. the Obama administration rejected the project in 2015, but Trump reversed that decision in March 2017. A 2018 ruling by Morris found the project's environmental impact statement fell short of regulatory standards, so in 2019 Trump reissued a presidential permit in a bid to circumvent that court ruling. In the latest ruling, the request for a preliminary injunction was denied.|
The 1,897-km pipeline would carry 830k barrels of crude a day from Hardisty, Alberta to Nebraska. Keystone recently reopened after 9,120 barrels of oil were spilled in North Dakota.
Friday, December 13, 2019
|Robert Dickinson||The HDI group is an amazing thing to behold. This cowboy has followed the horrid K9s for years. The latest for NDM.t pretty much sums it up as far as dopey public idiots holding HDI paper for appreciation potential goes.|
"Northern Dynasty Minerals Ltd. has entered into an underwriting agreement for the sale of 36.5 million common shares at a price of 37 U.S. cents per common share for gross proceeds of $13,505,000 (U.S.). The offering is expected to close on or about Dec. 18, 2019."
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|An advocacy group has made a complaint to the SEC detailing a flurry of stock trades and suspicious communications related to Northern Dynasty Minerals prior to a favorable ruling. The Pebble project near Bristol Bay, southwest of Anchorage, is controversial. Some 35m wild sockeye salmon spawn every year in those waters, making it one of the world's last untrammeled salmon runs of its kind. Volume spiked 800% in the days and weeks before the announcement on June 26. |
Complainants pointed to online posts on a stock tip website during an investor's conference on June 19 that Northern Dynasty CEO Thiessen attended, a week before the EPA announcement. One post stated: "had a half-hour conversation with Ron [Thiessen] this morning" and later stated "if you are thinking about selling, don't."
Thursday, December 5, 2019
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|Banks are marketing $600m of eight-year bonds at a yield of about 3.875%. The inaugural bond has garnered more than $6 billion of investor orders. With almost $6 billion of cash on its balance sheet, a market cap of $23.6 billion and just $2.1 billion of existing debt, the bond market will no doubt welcome the new junk bond with open wallets.|
Credit spreads (difference between corporate and benchmark yields) have fallen in line with the drop in government yields. There has rarely been a better time to issue debt.
Sunday, December 1, 2019
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|New main arsehole of Aquarius AI Inc. Chris Bradley, CEO says this is a digital media company that has developed a programmatic marketing platform powered by proprietary machine learning technology that allows advertisers to target and connect intelligently with their audiences across online display, video, social and mobile campaigns. Riiiight sure Dude. The stories about that past are not 'Good' at all. New address appears to be a residential condo.|